Retail giant Costco comes to the shopping capital of Australia
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20 June 2008
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Melbourne’s reputation as the shopping capital of Australia was again confirmed with US retail giant Costco, announcing it will open its first Australian store at Waterfront City in Docklands.
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Speaking at Costco's global HQ in Seattle, the Premier of Victoria John Brumby said Costco’s decision was a major vote of confidence in Docklands and Melbourne as a leading investment and retail destination in the Asia-Pacific region.
The investment of more the AU$60 million by the eighth largest retailer in the world is backed by Melbourne’s reputation as the shopping capital of Australia.
The Costco store will be located in Dockland’s Waterfront City on Footscray Road directly under the Southern Star Observation Wheel.
It will be approximately 13,000 square metres with around 553 car spaces and will operate seven days a week.
Construction is scheduled to commence in September and is due for completion at the end of 2009.
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